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The Future of Downtown San Diego Real Estate
Selection of condos available for sale in Downtown San Diego will continue to be tight. As of May 2019 about 3% of the total condo market is up for sale (roughly 340 for sale out of 10,750 total condos). One new high rise condo was completed in 2018 (Pacific Gate) and another new tower (Savina) will be completed in summer of this year. The next new condo building will be completed some time after 2022, as it has not started yet.
For sale inventory will begin to shrink as we get into the fall of 2019 as buyers run out of brand new condos to buy and current downtown owners will have resold their current condos as they move into the new building. The commercial development of the western waterfront will make the condos in the Columbia neighborhood more desirable. The California Association of Realtors is projecting average prices in the State to increase 3.1% in 2019, following a roughly 7.0 % increase in 2018. So much slower appreciation rates coming, usually if GDP is growing, prices are increasing. Downtown average prices were up only about 1% in 2018, hard to predict 2019, so many outside forces at play which can influence demand, but one thing is for sure, no more new inventory getting added after this year for several years.
Mortgage rates are trending up and the nations economy (GDP) and stock market are also trending up although erratically. Time will tell if the improving economy can create more housing demand than the rising interest rates can slow down.
Popular San Diego Neighborhoods
Newest Downtown San Diego Condos for Sale
Stunning, well-located, corner unit condo in the coveted Union Square Complex of East Village. Gated, underground parking, hardwood floors, tall ceilings, impressive over...
- 1 Beds
- 1 Baths
- 190039875 MLS
- Union Square Bldg.
- ACTIVE Status
A stylish & luxurious lifestyle awaits you at Savina by Bosa. Never been lived in, Residence 408 offers a unique & highly desired floorplan with 2BD/2BA + den, 10’ ceilin...
- 2 Beds
- 2 Baths
- 190039828 MLS
- Savina Bldg.
- ACTIVE Status
Simply Irresistible! Another amazing Bosa development with luxury, style and location, location, location! Savina is downtown San Diego’s newest high rise just steps away...
- 2 Beds
- 2 Baths
- 190039812 MLS
- Savina Bldg.
- ACTIVE Status
This hip, contemporary, urban two-story loft at 985 Island Ave has tons of natural light and cross breezes. Huge private outdoor tiled patio for extended outdoor living w...
- 1 Beds
- 1 Baths
- 190039807 MLS
- Angove Lofts Bldg.
- ACTIVE Status
Great location! Ground level loft-style, open floor plan unit with 12' ceilings. Walk to Farmer's Market, Balboa Park & award-winning coffee shops, breweries & restaurant...
- 1 Baths
- 190039785 MLS
- Piazza Palermo Bldg.
- ACTIVE Status
EXPERIENCE CORTEZ HILL, DOWNTOWN CITY LIVING & IN A BEAUTIFUL NEIGHBORHOOD. Tree lined streets, a fresh ocean breeze & scenic city views. Walking distance to all that dow...
- 2 Beds
- 2 Baths
- 190039741 MLS
- Symphony Towers Bldg.
- ACTIVE Status
This prime one bed/one bath gem in the fabulous El Cortez features a great layout and huge southwest-facing windows offering gorgeous city views and cool breezes off the ...
- 1 Beds
- 1 Baths
- 190039727 MLS
- El Cortez Bldg.
- CONTINGENT Status
Coveted corner unit with partial ocean views and wrap around balcony off the master bedroom. Split floor plan features carpet in bedrooms and top-of-the-line hardwood flo...
- 2 Beds
- 2 Baths
- 190039716 MLS
- Acqua Vista Bldg.
- ACTIVE Status
2Br, 2Ba, 1,282 esf, downtown home located in a very secure building with underground parking. Unit parking space is next to elevator! Gas fireplace, dual-paned windows, ...
- 2 Beds
- 2 Baths
- 190039694 MLS
- Marina Park Bldg.
- ACTIVE Status
Spectacular corner unit perched high in the north tower with expansive views of San Diego's skyline, bay & city lights! This Horizons home features a kitchen with granite...
- 2 Beds
- 2 Baths
- 190039682 MLS
- Horizons Bldg.
- ACTIVE Status
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS®,
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